Viberate shakes up music industry with its vibe token crowdsale

Supported by the European Commission’s “Music Moves Europe” initiative as well as the Slovenian Ministry of Economic Development and Technology, additionally being advised by Charlie Shrem and Stanford professor / Pinterest Chief Scientist – Dr. Jure Leskovec, Viberate is bound to disrupt the global live music market.

Viberate‘s end game is to offer any musician on the planet the opportunity to open a profile for free and start offering gigs to event organizers in exchange for crypto coins such as Bitcoin, Ether, or their very own Vibe.

The service is already live as some kind of “IMDb for musicians,” with over 120 thousand profiles of artists from all genres. Musicians can add their profiles or claim an existing one. Among those who claimed their official profiles are Robbie Williams and Linkin Park, so the service has already received some recognition from big names.

Following their goal to list and map the entire global music industry, Viberate just added 50 thousand music venue profiles and more than 200 thousand Event profiles to its crowdsourced database. Venues and events joined over 120 thousand musician profiles already online since spring.

The developers hit yet another deadline, as venue profile launch was set before the company’s token crowdsale.

Viberate will offer its Vibe token or VIB in a public crowdsale to fund the implementation of marketplace and blockchain features onto the existing platform. Tokens will then be used to reward those who will contribute to the growth of the service by adding new profiles or curating existing ones. Aside from trading, Vibe token holders will be able to book musicians for events via Viberate. The founders aim for the Vibe token to become the go-to digital currency for the live music industry.

Vetting a project before the crowdsale is always hard, especially when you don’t get to meet the founders in person. That’s why Viberate’s founders prepared a short video, where they talk about the potential and reasons why they decided to build the platform. The video also features Bitcoin living legend Charlie Shrem along with a couple of other advisors and early backers.